Digital Turbine (APPS) Misses Q1 EPS by 4c, beats revenue, provides outlook

Digital Turbine (NASDAQ: APPS) reported Q1 EPS of $0.18, $0.04 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $146.4 million versus the consensus estimate of $143.13 million.

Business Outlook:

Based on information available as of August 8, 2023, and considering the ongoing uncertainties in the macro environment, the Company currently expects the following for the second quarter of fiscal 2024:

Revenue of between $141 million and $149 million
Non-GAAP adjusted EBITDA2 of between $25 million and $27 million
Non-GAAP adjusted EPS1 of between $0.13 and $0.15, based on approximately 104 million diluted shares outstanding and an effective tax rate of 25% on Non-GAAP adjusted net income1

For earnings history and earnings-related data on Digital Turbine (APPS) click here.

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